A Guide to buying smart and stay out of debt on this Black Friday

Black Friday 2018 is the largest shopping season of the year. And, believe it or not, people used to spend around $900 on an average for buying gifts this time.

People used to spend so much money on this day. If that money is used without any sense and for buying useless objects, it can surely put you into debt.

I know that the start of the holiday spending season can be really exciting, but you should spend in Black Friday 2018 such a way that doesn’t include going into debt!

Here are my tips for staying out of debt in this Black Friday.

Make a shopping budget

You must prepare a budget before you line up for the first store. Take out a notepad or your phone and note down the estimated money you can spend. Based on your income and expenses, you should form a budget and save an amount of money to spend on these holidays.

Items you’ll want to think about and possibly include in your holiday budget are:

Gifts and chocolates

Transportation

Food for parties

Stamps

Holiday cards

Wrapping supplies

Decorations, etc.

Research well

Make sure you have the idea about where you can find the best deals in this black friday so that you don’t waste your time standing in line for something that sold out two hours ago. But don’t spend too much time for that, enjoy your Thanksgiving dinner also.

Check the ads

Know more about all the discounts and promotions this Black Friday by checking all the ads. Check out your favorite stores first, but don’t ignore the stores you normally skip. List all places where you can find your desired items for the best price.

Use coupons and save more

The easiest way to save money is to shop using coupons, deals. Check out the websites that gives you a lot of deals and cashback. Those sites may include a variety of popular retailers such as Walmart, Macy’s, Target, Bloomingdale’s and more.

Check out about warranties and exchange policies

Often times, you might have to return or exchange goods you bought. You’ll have to make another trip to the store. So, learning about the exchange policy can save you a lot of hassle, especially if you’re buying electronic goods.

Cut unnecessary costs

Take a good look at your monthly expenses and cut down where you’re overspending.

Don’t use credit card as much as possible. This might seem a bit uncommon. But a lot of people don’t know that it can really save a lot of money. You might buy a thing that you can’t afford through a credit card. This way you might overspend several times without thinking a bit. So, don’t buy stuff you can’t afford using a credit card!